Common use of SIPC and Other Insurance Coverage Clause in Contracts

SIPC and Other Insurance Coverage. a. Broker is a member of the Securities Investor Protection Corporation (referred to below as “SIPC”). SIPC currently protects SIPC-eligible assets (i.e., cash and mutual funds) in your Accounts when aggregated with all other accounts held by you in the same title and capacity at Broker up to a maximum of $500,000, of which $250,000 (subject to inflation adjustments within the determination of SIPC) may be in cash. This account protection does not cover any decline in value of investments, or the market risks associated with investing. Positions that are held away are not in the custody or control of Broker, nor are they covered by SIPC [or any additional insurance secured by Broker]. You may obtain information about SIPC, including the SIPC Brochure and information about which assets are eligible for SIPC protection by contacting SIPC at (000) 000-0000 or visiting their website at xxx.xxxx.xxx. Any free credit balance held in your Account is held by you with the anticipation of investment in securities. b. Cash balances in your Account that are swept to Deposit Bank are not covered by SIPC, and instead are insured by the FDIC up to applicable limits (currently, $250,000 of aggregate deposits at the same Deposit Bank in the same right deposit category, e.g., single, joint, XXX). Your cash balances that are swept into Deposit Bank may be aggregated with any other deposits in the same deposit category you hold at the same Deposit Bank for purposes of the FDIC insurance coverage limit. If your total funds on deposit at the Deposit Bank exceed the applicable FDIC insurance limit, funds in excess of the limit will not be deemed to be FDIC-insured. BROKER IS NOT RESPONSIBLE FOR MONITORING THE AMOUNT OF YOUR AGGREGATE AMOUNT OF DEPOSITS IN DEPOSIT BANK TO DETERMINE WHETHER IT EXCEEDS THE LIMIT OF AVAILABLE FDIC INSURANCE. YOU AGREE THAT YOU ARE RESPONSIBLE FOR MONITORING YOUR TOTAL DEPOSITS AT DEPOSIT BANK (INCLUDING AMOUNTS IN OTHER ACCOUNTS AT THE DEPOSIT BANK HELD IN THE SAME RIGHT AND LEGAL CAPACITY) TO DETERMINE WHETHER YOU ARE FULLY COVERED BY FDIC INSURANCE WITH RESPECT TO YOUR DEPOSITS AT DEPOSIT BANK. For information on FDIC deposit insurance, please visit xxx.xxxx.xxx.

SIPC and Other Insurance Coverage. a. Broker Xxxxxx is a member of the Securities Investor Protection Corporation (referred to below as “SIPC”). SIPC currently protects SIPC-eligible assets (i.e., cash and mutual funds) in your Accounts when aggregated with all other accounts held by you in the same title and capacity at Broker up to a maximum of $500,000, of which $250,000 (subject to inflation adjustments within the determination of SIPC) may be in cash. This account protection does not cover any decline in value of investments, or the market risks associated with investing. Positions that are held away are not in the custody or control of Broker, nor are they covered by SIPC [or any additional insurance secured by Broker]. You may obtain information about SIPC, including the SIPC Brochure and information about which assets are eligible for SIPC protection by contacting SIPC at (000202) 000-0000 371- 8300 or visiting their website at xxx.xxxx.xxx. Any free credit balance held in your Account is held by you with the anticipation of investment in securities. b. Cash balances in your Account that are swept to Deposit Bank are not covered by SIPC, and instead are insured by the FDIC up to applicable limits (currently, $250,000 of aggregate deposits at the same Deposit Bank in the same right deposit category, e.g., single, joint, XXXIRA). Your cash balances that are swept into Deposit Bank may be aggregated with any other deposits in the same deposit category you hold at the same Deposit Bank for purposes of the FDIC insurance coverage limit. If your total funds on deposit at the Deposit Bank exceed the applicable FDIC insurance limit, funds in excess of the limit will not be deemed to be FDIC-insured. BROKER IS NOT RESPONSIBLE FOR MONITORING THE AMOUNT OF YOUR AGGREGATE AMOUNT OF DEPOSITS IN DEPOSIT BANK TO DETERMINE WHETHER IT EXCEEDS THE LIMIT OF AVAILABLE FDIC INSURANCE. YOU AGREE THAT YOU ARE RESPONSIBLE FOR MONITORING YOUR TOTAL DEPOSITS AT DEPOSIT BANK (INCLUDING AMOUNTS IN OTHER ACCOUNTS AT THE DEPOSIT BANK HELD IN THE SAME RIGHT AND LEGAL CAPACITY) TO DETERMINE WHETHER YOU ARE FULLY COVERED BY FDIC INSURANCE WITH RESPECT TO YOUR DEPOSITS AT DEPOSIT BANK. For information on FDIC deposit insurance, please visit xxx.xxxx.xxx.